In 1943,our small village collected 4000 sixpences, which had a value of £100. and it was collected to help the war effort in helping to build a spitfire. This little story is part of school project, my teacher grandaughter is allowing me to partake in with her class. As they have no idea about sixpences, please can anyone tell me what that £100 in 1943 would be worth in todays monetry value. With the story the whole class are to receive a King George VI sixpence each, as a keepsake from me. I do hope this question does'nt sound spupid and any help will be much appreciated. Many thanks, Sheila.
Not a clue as the modern worth of £100 in 1943, but that is an inspiring little story. Thanks for sharing it Regards Ben
to CoinTalk Sheila. The oldest date I could find through Google for a rate comparison was 1/1/2000, which is no help. My (admittedly vague) recollection is that during WW II the British Pound was worth approximately US$4.80-5.60, so a sixpence would have been worth 12-14¢ and £100 would have been $480-560.
Well, before 1949, £1 was US$4.03, and $403 adjusted for inflation from 1943 to 2006 is $4816.21. If you kept it as pounds that whole time, it would be £3,090.48 or $5,969.52
Welcome aboard,Sheila.You will learn a lot of new things here from the older hands,& from some of the newer hands as well. Aidan.
I am not too sure if you should use US inflation figures on UK, flyingmoose. Every country have different rates of inflation.
That's a great bit of history, Sheila. Did you already have a hoard of sixpences to hand out to the class? Here's a link for computing the relative value of a UK pound. It only goes to 2005, but using the retail price index measure, £100 in 1943 was £2995.43 in 2005. http://www.mswth.com/ukcompare/ Marianne
sixpences Hi, To all the very kind people who replied to my query, thank you all very much, now I can send off my little story to the chilren with their sixpences. I was able to buy the sixpences from a coin dealer, who very kindly sorted out all George V1 ones, instead of a mixed bag that he usually sold. When my son gave me this computer he said it would open up a whole new world for me, !!!!, How right he was, I don't have much time for knitting now, as I grow more ancient. !! Thank you all again everyone, Regards, Sheila.
Sheila,if you do have any more coin-related & banknote-related questions,please feel free to ask.We will try our best to answer your questions. Aidan.
Hi folks: I don't know if this will help at all, but when I lived in England for a year (in 1998), I read a newspaper article where they were talking about a one pound note in 1950 had the buying power of 50 pounds in 1998 pounds. I would suggest you check out Wittakers Almanac. I believe they have an inflation thing for the pounds in there and how much buying power they were worth over the years. Talk to you all later!:smile
